An £850m funding package for NHS projects in England will be used to refurbish 20 hospitals which estate agents describe as occupying prime locations.
The cash injection, announced by Boris Johnson earlier this week, will be spent on “modernising and refreshing” the NHS properties located across England.
Each of the hospitals will be fully redecorated in neutral colours like magnolia, and several will benefit from new double glazing and open-plan kitchens featuring bi-fold doors leading to mature gardens.
George Fishlove-Smyth of London Estate Agents Smyth, Fishlove and George is overseeing the refurbishment project on behalf of the Department for Health and Social Care.
“Many of these NHS properties are really great buildings and just need a little love and attention to realise their full value,” Mr Fishlove-Smyth told us.
“In some cases, the same NHS trust has occupied the property since it was constructed in the 1930s, so while they are structurally sound they don’t come with the mod-cons that buyers, I mean patients, expect in 2019.”
“Take Guy’s hospital for example. It’s in a superior location next door to the Shard, has great access to London Bridge Station, and yet there’s not a single luxury suite for private patients.”
Work is already underway at the Royal Liverpool University Hospital to convert unused loft space into a new self-contained ward that could be suitable for elderly relatives or a growing family.
While in Bristol, planning permission has been sought to convert the Bristol Royal Infirmary into a multiple occupancy hospital that could yield a rental return in excess of 6% per unit.
Claims that the refurbishment programme is a precursor to the government selling off the NHS have been strenuously denied.
*Parties wishing to view any of the properties mentioned in this article should contact Smyth, Fishlove and George Estate Agents directly and have a mortgage agreed in principle.